Chitosan Market Global Analysis Trends, Share, Size, Growth, Opportunity and Forecast 2020 - 2027

                                                                           
Chitosan is a deacetylated chitin found in the hard outer skeletons or shells of shrimp, crabs, and lobsters, as well as mushrooms and yeasts.

                          Chitosan Market

 
Chitosan is a deacetylated chitin found in the hard outer skeletons or shells of shrimp, crabs, and lobsters, as well as mushrooms and yeasts. It is primarily used in the treatment of kidney failure, obesity, anaemia, high cholesterol levels, hyperphosphatemia, insomnia, and Crohn's disease. In the pharmaceutical industry, chitosan is used to make edible films, as a filler in tablets, as a carrier in controlled-release drugs, and to improve the dissolvability of certain medicinal salts. Chitosan, a natural antimicrobial agent with antibacterial and antifungal properties, is widely used in the cosmetics, agricultural, and food industries.

The global chitosan market is being driven by an increase in waste from the seafood industry, an increase in chitosan applications, and government support for waste utilisation. Chitin and other high-value products are made from shell waste. Because of its lipid absorption property, chitosan extracted from crustaceans such as crabs, shrimp, and lobster is widely used to reduce body weight. Furthermore, due to its anticoagulant properties, Chitofelx is increasingly being used in hemostatic dressings, which is expected to drive market growth. Furthermore, an increase in demand for bio-based cosmetic products is expected to drive market growth during the forecast period.

However, the high cost of bulk water treatment production may stifle market growth. Nonetheless, an increase in the number of new commercial chitosan sources such as fungi, snails, and other molluscs may replace traditional sources such as crab and shrimp if marine waste becomes scarce. The easy availability of fungi waste in agriculture, as well as the artificial production of fungi using cheap nutrients via simple chemical procedures, may create lucrative opportunities for the growth of the chitosan market.

The chitosan market is being driven by a lack of fresh water due to an increase in urban population and a rapid rate of industrialization. Because of its cost-effectiveness in water treatment, chitosan flocculent is used for water treatment as governments and market players invest globally in water treatment. As chitosan flocculent is used as an ingredient in hair care, dental care, and skin care products, the personal care industry is booming, which is boosting market growth. However, the high cost of raw materials is having a negative impact on the growth of the chitosan market.

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